All Tools
🍁 Critical Illness Calculator
Critical Illness Insurance Calculator
Estimate critical illness insurance needs and premium costs
Financial Information
Enter your details
Critical illness insurance provides a lump-sum payment upon diagnosis of a covered illness. Common covered conditions include cancer, heart attack, and stroke.
About this tool
Rough planning for lump-sum critical illness needs. Policies define covered conditions narrowly.
How to use it
- Enter income, debts, and recovery cost assumptions.
- Review suggested coverage.
Frequently asked questions
- Is critical illness the same as disability insurance?
- No. Critical illness typically pays a lump sum for defined diagnoses; disability replaces income over time.
Related tools
Browse all calculators in the Canadian finance tools directory, or read Canadian investing news.
Educational estimates only — not financial, tax, or legal advice. Rules and rates change; verify with official sources and qualified professionals before making decisions.